Pharma Pharmaceuticals deploys Epicor ERP

Pharma Pharmaceuticals deploys Epicor ERP

Epicor Software Corporation, a global provider of industry-specific enterprise software, has announced that Pharma Pharmaceutical Industries (Pharma)—a leader in the kingdom’s pharmaceutical services industry—has implemented Epicor ERP to enhance data capture and archiving capabilities, optimise operational efficiencies, and guarantee on-time delivery to customers.
Pharma brings together business leaders and healthcare veterans to offer services to the Saudi pharmaceutical industry that include branding, marketing and sales, warehousing and logistics, facilities management, and regulatory compliance consultancy.
The company’s international reach demanded a new approach to technology to ensure it remained a leader in the new global digital economy. It embarked upon a bold digital transformation journey, with a robust ERP platform as the planned keystone.
“We didn’t have an ERP platform in place and relied on a paper system to manage each department’s activity,” said Tariq Kayyali, quality unit director and ERP project manager, Pharma Pharmaceuticals Industries, whose team of stakeholders focused on linking and integrating department transactions to reduce the time taken to locate vital archived data.
Errors in starting materials and the resulting mix-ups and delays in order deliveries became significant business risks to the company, pre-digitization. The risk of using incorrect or expired material in the manufacturing process was compounded by the company’s inability to accurately control all its assets and due to its tendency to produce inaccurate reports due to manual compilation.
With the support of trusted Epicor partner, Full Insight Technology Solutions (FITS), Pharma deployed a platform that was easy to install, user-intuitive, and provided tight-fit functionality with its needs. Over a period of 10 months, the system was rolled out to 15 users, who all reported ease of use and unprecedented accuracy.
Switching to Epicor ERP has allowed Pharma to smoothly link and integrate transactions across all departments and enhance accuracy in operations and inventory control. Strict audit trails now allow every critical transaction to be traced—to the user, date, and time of action—allowing Pharma to closely monitor related business impacts. Labelling problems have also been overcome, by enabling greater control over purchased and manufactured parts.
“We ended up saving about 30 percent of unnecessary warehouse-team transactions and managed to reduce the time taken to find or track historical data records or transactions, from hours or days to seconds or minutes,” said Kayyali. “We also reduced the risk of mix-up and eliminated the possibility Pharma Pharmaceuticals deploys Epicor ERP to streamline processes and optimise service delivery of using an invalid or expired part as a starting material—which is critical in the pharma industry.”
Having a validated ERP system helps us meet the expectations and compliance requirements of medicinal product agencies, both in the Kingdom of Saudi Arabia and around the world.”
“Remaining relevant in the digital economy is no minor feat,” added Amel Gardner, regional vice president, Middle East, Africa and India (MEAI), Epicor.
“Competitors—especially new market entrants—will not be using manual processes for critical functions. It is therefore vital that all firms digitise as much as possible. Epicor ERP will give Pharma a strong platform for growth and enable it to easily comply with granular industry requirements. The platform is designed to fit every business like a glove, delivering automation and operational enhancements that pave the way to true digital transformation.” — Tradearabia News Service

 

Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China, particularly in the pharmaceutical industry. For direct consultation, please feel free to contact us.

Learn about Epicor ERP in the wake of COVID-19 and get ready for the future.

Regional internet of things RIoT mitigates COVID-19 crisis

Regional Internet of Things group RIoT plans webinar to fight virus

In this time of fear and confusion, NC RIoT will be sharing a message of hope and progress as leaders in the tech space share how the Internet of Things and Data can mitigate the effects of the current COVID-19 crisis and prepare for others in the future.

This virtual event will explore novel ways that technology and data can be used to combat pandemics & protect public health.

RIoT [the Regional Internet of Things users group] has always expressed its belief in technology’s role of promoting economic growth, but now more than ever, we’d like to highlight its role in defending public health. Although living in a modern, connected world has enabled the quicker spread of the virus, our modernity can also be our white knight if we start putting our advancements to better use in the public health sector. Tune in to the discussion to learn more.

Featured Speakers Include:

+ Tom Snyder (Executive Director – RIoT) – Moderator

+ Veena Misra (Center Director – ASSIST) – Wearable sensors for persistent health monitoring

+ Brian Bender (Chief Science Officer – Intake) – Personal health monitoring

+ Ashlee Valente (Senior Scientist – Torus) & John Harer (CEO – Torus) – Analytics for massively complex systems like global health

+ Steve Bennett (Director of Public Sector Practice – SAS) – AI for faster vaccine development

+ Emil Runge (Director of Programs – BARDA/First Flight Venture Center) – Funding opportunities for COVID research

+ Michael Levy (President – Digital Health Institute for Transformation) – Keeping mental health front of mind

+ Nick Jordan (CEO – Smashing Boxes) – Data use across EHR systems

+ Manal El-Ramly (Director, Board of Directors – Newsco) – Information dissemination via the screens all around us

Can the Internet of Things play a role in the future when we are challenged by the next contagion? WRAL TechWire reached out to Tom Snyder, executive director of NC RIoT, a large and growing users group focusing on research and commercialization surrounding IoT device and application development, for his analysis.


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China. For direct consultation, please feel free to contact us.

facts about Internet of Things (IoT) to prevent future pandemics

These Facts Will Change Your Mind About the Internet of Things

The Internet of Things market expands way beyond smart homes and can even be used to prevent future pandemics.

Thanks to advances in technology and the proliferation of connected devices, the Internet of Things era has arrived.

It’s been years in the making but appears poised to go mainstream. According to the consulting firm McKinsey, the number of IoT-connected devices is forecast to hit 43 billion by 2023, almost three times the number of devices in 2018. Companies and consumers are using IoT to control their heating and cooling systems remotely, doctors use it to monitor patients, and manufacturers track products across the supply chain.

There are a lot of reasons why IoT is growing in popularity. Convenience and on-the-go-access are two big ones. But there are also those jaw-dropping reasons that will surprise even the biggest IoT skeptic. Here’s a look at four of them.

1. It can help prevent the spread of diseases like COVID-19

The novel coronavirus outbreak is having a devastating impact on people around the globe. Spain, Italy, and France are effectively shut down, and schools and businesses across the United States are closed. The stock market has been whipsawing between huge gains and losses, and the global economy is taking a major hit.

While IoT can’t stop COVID-19 (the disease caused by the coronavirus) from spreading, it can be used to prevent future pandemics. In an IoT world outlined by the financial consulting firm Frost & Sullivan, a network of sensors placed throughout the world would be used to monitor individuals for infections, acting as an early detection system. That would reduce uncertainty in the stock market and provide governments with proof to quickly act on and stop the spread.

Implementing this on a global scale isn’t likely anytime soon. Some countries, China included, will be able to do it within their borders. Add facial recognition and GPS to the mix, and Frost & Sullivan’s global research director for IoT, Dilip Sarangan, says countries would be able to monitor those who have contracted the virus and track whom they come into contact with. That could prevent virus outbreaks from becoming pandemics. “While this may sound like a police state to many, ultimately, leveraging IoT and [artificial intelligence] AI may be the most logical way to prevent highly infectious diseases from spreading rapidly in a world that is getting smaller every day with air travel,” said Sarangan in a recent report.

There’s a slew of companies that can benefit from these early defense systems, including equipment makers and network operators. In the U.S. the wireless network providers AT&T (NYSE:T), Verizon (NYSE:VZ), T-Mobile USA (NASDAQ:TMUS), and Sprint (NYSE:S) are big beneficiaries as data is transmitted across the world.

2. 5G will proliferate the number of connected devices

With COVID-19 spreading around the world, commerce has come to a screeching halt, and that’s particularly true in the smartphone market. Hit by supply chain issues in China and a lack of demand as the number of people in quarantine grow, several mobile-phone-related companies including Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM) have issued guidance warnings for their current quarters.

Despite the business interruptions, the buildout of 5G will eventually pick up, driving what is expected to be a huge smartphone upgrade cycle. It’s also expected to increase the number of devices connected to the internet, thanks to the speed and security 5G brings. With 5G networks, data can be sent back and forth between millions of devices in seconds, something not possible with existing 4G networks. That will result in billions of new devices outside of smartphones and tablets that connect to the internet.

The melding of 5G and IoT will be behind the adoption of smart cities and connected cars. It will also enable doctors to remotely treat patients and help robotic surgery become the norm. Gartner expects there to be 5.8 billion connected devices by the end of this year. That’s up 21% from the 4.8 billion at the end of 2019.

3. More than $1 trillion will be spent on IoT

Love it or hate it, the IoT market is exploding with no end in sight. Trillions of dollars are being spent on IoT start-ups as investors clamor to get in on the leaders of tomorrow. The interest is coming from an array of venture capitalists who are pouring tons of money into the market — for good reason. According to IDC, yearly spending on IoT is projected to surpass $1 trillion by 2022, growing at a double-digit rate. That bodes well for equipment providers like Cisco Systems (NASDAQ:CSCO). With global traffic poised to triple thanks to 5G, Cisco and its peers will be able to provide the hardware needed to facilitate the movement of the data.

There are a lot of IoT use cases, but the ones drawing the biggest investments are those focused on the business market. IDC projected IoT spending by the manufacturing industry would hit $100 billion in 2019, while production asset management will attract $4.2 billion, smart home $44.1 billion, and freight monitoring $41.7 billion. The areas that are expected to see the fastest growth and thus the biggest investment dollars through 2022 include automation, electric vehicle charging, agriculture field monitoring, bedside telemetry, and in-store marketing, IDC predicted.

4. Most consumers and businesses want government IoT security regulations

The combination of IoT and 5G will transform society for the better, but that doesn’t mean it’s smooth sailing ahead. There are a lot of security risks to consumers and businesses that can’t be left unchecked.

It’s something that both businesses and consumers are worried about. According to a recent survey of consumers and businesses by digital security company Gemalto, 90% of businesses and consumers believe the IoT industry should be regulated by the government. What’s more, 61% of businesses think IoT regulation should dictate who is responsible for securing the data throughout its journey.

Of the consumers polled, 65% said they are worried a hacker could take over their IoT device. Meanwhile, 60% said they are afraid their data will fall into the wrong hands. Those fears aren’t unfounded. Security from Kaspersky Labs spotted more than 100 million attacks on IoT devices in the first half of 2019 alone.

Without a doubt, risks abound as more devices are connected to the internet. But with such wide-ranging benefits and investor interest, even IoT naysayers can’t deny the market is poised to explode. Those four jaw-dropping facts alone prove it.

Source: Donna Fuscaldo


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China. For direct consultation, please feel free to contact us.

Latest Internet of Things (IoT) News and Trends

The Latest Internet of Things News and Trends

The Internet of things (IoT) is one of the most talked-about innovations in the tech world. And with every passing day, it is evolving and reaching a new stage. IoT is playing an essential role in the development of businesses and is also changing how they are functioning. All the industries, including healthcare, manufacturing, insurance, logistics, and transportation, have been enjoying the benefits of IoT technologies. Let’s have a look at what is new in the domain of IoT and what trends are being followed.

IoT’s Growth and Power of Connectivity

The latest trend in the IoT is that the number of connected devices is increasing. This means that the amount of data one can have access to through this network will also increase. All of us are already leading a lifestyle in which we like to stay connected all the time. IoT is only adding to that. This does not only improve the interaction between humans but by having all these devices connected globally can provide us ease in our day to day tasks as well. Nowadays, there are a large number of IoT devices out there. From smart security to smart furniture, you can get a lot of innovative tools. Making your workplace IoT friendly is an excellent way of enhancing its productivity. You can check the Teknion store if you are looking to buy smart furniture or accessories for your workplace.

IoT Security is improving

IoT has also enhanced security by exposing the loopholes in the connectivity solutions. For example, if you are using WiFi, you are not secure at all, and the devices you are using are more vulnerable. The good thing is that the work can be started on these things by following GDPR. This encourages the user or the organization to keep track of all the devices that are connected. This ultimately contributes to improving security.

Blockchain Technology and IoT

When you are talking about IoT, you cannot miss out on blockchain technology, as it is one of the trending applications of IoT. It opens the opportunity of exchanging money and valuable data through an IoT device. And it is not far away, once the blockchain technology provides IoT devices with a more straightforward and safe infrastructure for money and data exchange. The soft nature of IoT matches that of the decentralized blockchain. But the security on the blockchain is much more reliable and it offers anonymity as well. The bridge between these two will make IoT much more secure in the future.

5G Networks

The introduction of 5G networks has been game-changing. In 2020 many systems across the globe will be using 5G networks, and that will increase the number of IoT devices as well. Both 5G and IoT are being called a revolution in the tech industry, and together they can transform our techs remarkably. 5G does not only provide much faster Internet, but it also offers better security. It has already changed the way businesses are marketing and streamlining their products. Together IoT and 5G can help us build high tech products, like vehicle networks and even smart cities.

Businesses are Investing IoT

The number of companies that are investing in IoT is increasing every day. The implementation of IoT in any business guarantees a much better and smoother customer experience. Business expenditure on IoT has already surpassed the total sum of consumer spending on IoT devices. Big brands have already realized the importance of IoT, and they are pouring their money into this technology. The industries that will benefit from this technology the most are health care, retail, and consumer sector.

Source: Eric Hamilton


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China. For direct consultation, please feel free to contact us.

Internet of Things (IoT) market grows 2020-2025

Internet of Things (IoT) in retail market projected to grow in 2020-2025

During the forecast period, major factors expected to drive the growth of the IoT in the retail market include rapidly declining cost of IoT-based sensors and connectivity, increasing adoption of smart payment solutions, and customer demand for a seamless shopping experience.

Reportlinker.com announces the release of the report “Internet of Things in Retail Market by Platform, Hardware, Service, Application And Region – Global Forecast to 2025”.

By offering, the hardware segment to account for the highest market share during the forecast period

Hardware is an essential component for any IoT device to work efficiently. In order to improve customer experiences and similar operations, these technologies or devices have become a necessity.

Beacons broadcast radio signals using the Bluetooth Low Energy (BLE) technology. These signals are received by the customer’s smartphones and wearables.

The use of these technologies enhances customer experiences by sending relevant messages as per consumer requirements.

By application, the operations management segment to hold the largest market size in 2020

The operations management segment for any retail organization is important because it refers to all the activities that maintain the optimum store functioning levels. IoT plays a crucial role in process automation and improves the operational efficiency of retail stores.

Operations management in the retail industry includes energy optimization, supply chain optimization, surveillance and security, inventory optimization, and workforce management.

By region, Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific (APAC) is estimated to be the fastest-growing region in terms of the growth of the IoT in the retail market, due to the increasing adoption of new technologies, higher investments for digital transformation, and the growth in Gross Domestic Product (GDP) in the APAC countries. The region is continuously adopting technological advancements as IoT grows in popularity with both governments and companies on a global scale.

APAC is one of the biggest markets for connected devices.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the IoT in the retail market.

The breakup of the profiles of the primary participants is given below:
• By Company Type: Tier 1 – 55%, Tier 2 – 27%, and Tier 3 – 18%
• By Designation: C-Level Executives– 33%, Director Level – 25%, and Managers–42%
• By Region: North America – 38%, Europe – 19%, APAC – 14, and RoW – 29%

The following key IoT in retail market vendors are profiled in the report:
• Cisco (US)
• IBM (US)
• Intel (US)
• Microsoft (US)
• PTC (US)
• Huawei (China)
• Sierra Wireless (Canada)
• AWS (US)
• SAP (Germany)
• Software AG (Germany)
• Accenture (Ireland)
• Bosch.IO (Germany)
• Google (US)
• NEC Corporation (Japan)
• Oracle (US)
• AT&T (US)
• Vodafone (UK)
• Happiest Minds (India)
• Telit (UK)
• Allerin (India)

Research Coverage

The IoT in the retail market is segmented by offering (hardware, platforms, and services), application, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the IoT in the retail market.

Reasons to Buy the Report

The report would help the market leaders and new entrants in the following ways:

• It comprehensively segments the IoT in the retail market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.

• It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.

• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes the competitor ecosystem, new service developments, partnerships, and acquisitions.

Read the full report here.

Source: Reportlinker

 


 

Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China. For direct consultation, please feel free to contact us.

 

Blockchain supports coronavirus response

Blockchain protects IP, tracks tires, supports coronavirus response

Customs and Border Protection tested the feasibility of using blockchain to protect intellectual property rights (IPR) information transmitted between multiple commercial companies.

In a late February statement, CBP said the proof of concept demonstrated blockchain can encrypt sensitive data and track it via an electronic ledger to protect IPR on imports, as well as the sensitive data shared among manufacturers, retailers, rights holders and importing companies.

CBP has long fought against imported counterfeit goods of all stripes, from toys and athletic wear to prescription drugs, saying they cost U.S. companies hundreds of millions of dollars every year in lost income.

The proof-of-concept blockchain connected product data correctly to the product and to the license, resulting in fewer physical examinations of products being imported, according to CBP. The seven companies participating in the test could communicate with other participants using their unique blockchain, regardless of different software used by each party, thanks to the program’s open global standards and approaches.

The supply chain for military tires

SAIC announced a blockchain pilot with The Goodyear Tire & Rubber Company to secure the supply chain for aircraft and vehicle tires for the armed services and foreign military sales under the Defense Logistics Agency’s Global Tires Program. SAIC said the program has delivered more than 1.5 million tires worldwide, with a 97% fill rate.

SAIC plans to integrate data from internet-of-things sensors with smart contracts to enhance real-time supply chain track-and-trace capabilities so that participants will instantly know if weather or a mechanical breakdown delays a truckload of aircraft tires. The pilot, supported by Microsoft Azure Blockchain services, will allow participants to track, view and analyze supply chain activity, further aiding customers in making informed buying decisions.

Coronavirus support

A professor at the University of California San Diego has been studying how moving medical supply chain records to a blockchain could help anticipate shortages in health emergencies by identifying chokepoints in the delivery process.

Timothy Mackey thinks that by eliminating these hiccups in the system, public health officials and medical suppliers could more easily see which hospitals were prepared to treat COVID-19 patients and others in need of acute care, according to a report in Forbes.

Blockchain technology helped the Chinese government and medical agencies battle against the coronavirus, according to Xinhuanet, China’s official news outlet. In the first two weeks of February, at least 20 blockchain-based applications were launched to tackle the emerging challenges, including health records management, securing gated communities for residents, managing relief supplies along and tracking the logistics of epidemic prevention materials.

Drone communications

Researchers at Purdue University have received funding from NASA for a blockchain-inspired secure, scalable, distributed, and efficient communication framework to support large scale drone operations. The researchers propose an unmanned aerial vehicle traffic information exchange network to safely, securely and economically distribute UAV flight data across the network.

According to the award notice, the project will demonstrate how traffic data can be shared between UAVs and aircraft traffic controllers in a city with obstacles blocking radio signals. Additionally, the researchers said it can also provide a reliable and real-time information source for drone developers working on collision avoidance systems and route planning strategies that ensure airspace safety and efficiency.

Secure vehicle communications

The Federal Highway Administration said it expects to sponsor research into the use of blockchain technology for highway transportation. It is interested in support for secure, real-time communication for connected vehicles, freight data management, dynamic roadway asset tools that optimize routing or geofencing of roadway segments and highway pricing featuring dynamic and auction-based mechanisms.


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in the region, including those in defense or medical devices. For direct consultation, please feel free to contact us.

IoT Adoption Continues

IoT Adoption Continues to Grow at a Slow and Steady Pace

A new survey from the New Eclipse Foundation says open-source options are gaining ground, owing to the continuous growth in IoT adoption.

The Eclipse Foundation, which focuses on the Internet of Things (IoT), has released its first annual IoT Commercial Adoption survey. The survey aims to understand the IoT industry landscape by identifying the requirements, priorities, and challenges faced by enterprises. Especially those organizations that deploy and use commercial IoT solutions, including those based on open source technologies.

Moreover, the survey includes details on IoT adoption by industry, top concerns by commercial IoT adopters, and breakdowns by organizational role.

Some of the key findings of the report are as follows:

  • Open source will penetrate IoT even further as 60% of companies will allow open source into their IoT deployment plans.
  • IoT adoption is growing; however, it is slower than the hype would indicate. Around 40% of respondents said they are deploying IoT solutions at present, and another 22% plan to start the deployment of IoT within the next two years.
  • Thirty percent of companies are planning to spend less than $100K in 2021.
  • There is a significant increase in the IoT investment, as 40% of respondents said they are aiming to shoot up IoT spending in the next fiscal year.
  • In the case of IoT deployments, hybrid clouds are taking the top spot. Cloud platforms, including AWS, Azure, and GCP, are the leading in terms of IoT implementations.

Today, markets are evolving from piecemeal implementations to more comprehensive solutions. Open-source solutions should be a core component of a company’s IoT architecture. This will majorly help in easing interoperability and save them from being locked with a single vendor. Manufacturers need to continue investing in IoT, as their competition is scaling their investment and exploring production deployments of this technology. They are implementing IoT solutions that collaborate on industrial automation, asset management, and logistics.

Some of the more innovative companies are relying on IoT technologies to improve their customer value proposition by offering preventive maintenance features. With the rollout of 5G in 2020, the adoption of IoT is going to become more extensive across industries; then, it is expected to drive the adoption of OS-based IoT tools, adding flexibility and strength to enterprise platforms.

Source: Sneha Bokil


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China. For direct consultation, please feel free to contact us.